New Issue: JPMorgan sells $185,000 notes due 2024 tied to basket of three indexes

By Sarah Lizee

Olympia, Wash., July 5 – JPMorgan Chase Financial Co. LLC priced $185,000 of notes due June 28, 2024 linked to a basket of equally weighted indexes, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket consists of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, each with a 33.33% weight.

If the basket return is positive, the payout at maturity will be par plus 1.15 times any basket gain.

Otherwise, investors will be exposed to the decline of the basket, subject to a minimum payout of 90% of par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Notes
Underlying indexes:	S&P 500 (33.33% weight), Russell 2000 (33.33% weight) and Euro Stoxx 50 (33.33% weight)
Amount:	$185,000
Maturity:	June 28, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.15 times any basket gain; otherwise, exposure to the decline of the basket, subject to a minimum payout of 90% of par
Initial levels:	2,941.76 for S&P, 1,566.572 for Russell and 3,473.69 for Stoxx
Pricing date:	June 28
Settlement date:	July 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.82095%
Cusip:	48132CRS4

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